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Sunday, November 24, 2024

2023 sees Ector County investing $1,045,121 in men’s basketball teams

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Sandra Woodley President | The University of Texas Permian Basin

Sandra Woodley President | The University of Texas Permian Basin

Ector County spent $1,045,121 on men’s collegiate basketball teams in 2023, representing a 2% decrease from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $1,905,647, with men’s teams receiving $1,045,121.

Since 2010, the average sports expenses in Ector County have grown 374.7%.

Basketball is one of the most popular sports played at U.S. colleges, as well as football. NCAA basketball teams are often as popular as NBA teams, and offer a different experience for fans.

In 2022, after a decades-long fight, student-athletes nationwide gained the right to profit from their names, likenesses, and images as a result of a flurry of new state laws and an NCAA policy change.

The basketball fund received around 168.57 million dollars from NCAA revenue in 2020–21.

Men’s Basketball Team's Expenditures of Ector County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$1,045,1217.3%$14,322,472
2022$1,066,2368.8%$12,070,902
2021$783,0258.6%$9,081,303
2020$764,2099%$8,475,998
2019$706,4019.8%$7,222,333

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